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Morning rally lifts stocks 1.14%
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SHANGHAI stocks rallied 1.14 percent this morning to 2,210.27 points with the high-speed train sector catching the attention of investors.
Several high-speed railways with links to China are planned in Southeast Asian countries like Singapore and Thailand.
Thailand’s military government approved a deal worth US$23.3 billion to build two railways that will connect to China.
Shanghai Tunnel Engineering added 7.19 percent to 5.96 yuan, while Jinxi Axle skyrocketed 9.96 percent to 10.60 yuan.
Analysts said firms involved in emergency services will likely gain in the next few days after the earthquake in Yunnan Province. They added shares in the nonferrous metal sector will likely drop since the province in the country’s biggest source of the metals.
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